A stronger than expected manufacturing report boosted blue chips on Friday, but tech stocks slipped on a warning from Applied Materials.
The Nasdaq declined 1 to 1320, the S&P 500 rose 11 to 855, and the Dow gained 108 to 8053. Volume rose to 1.51 billion shares on the NYSE, and 1.58 billion on the Nasdaq. Advancers led 23-9 on the NYSE, and 18-13 on the Nasdaq. Upside volume was 74% on the NYSE, and 39% on the Nasdaq. New highs-new lows were 52-53 on the NYSE, and 42-89 on the Nasdaq.
Applied Materials fell 7.6% on a warning.
Cisco lost 3.6% ahead of the company’s earnings report on Tuesday.
Rambus surged another 23%, for a more than 100% gain since Wednesday’s court victory.
HP , off 4.3%, announced that it will shutter a plant.
MicroStrategy soared 29% on better than expected results, but Websense
plunged 25% on its earnings report. Digital Insight
gained on its earnings, but NetIQ
, GlobeSpan Virata
, Cray
, and Commerce One
fell on their reports.
QLogic lost 5.8% on negative comments from Merrill Lynch.
eBay rose 1.4% after boosting its auto sales business.
Microsoft declined 1.6% on reports of a slowdown in Xbox sales.
Texas Instruments and ST Microelectronics
gained after Nokia
said it would support a standard the firms started.
IBM , off 0.1%, and EMC
, up 2.4%, plan competing storage announcements for Monday.
AMD , up 1.4%, delayed some product releases.
Agilent , up 2.1%, announced an acquisition.
Lucent , off 3.1%, scored an Australian deal.
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